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US Business

Budget Deal Likely to Deliver Hefty Business to Defense Companies

Sat, 17 Feb 2018 07:00:09 EST

The recent budget deal has handed U.S. defense companies an extra $75 billion over the next two years as the Pentagon boosts spending on aircraft, missiles, tanks and maintaining older equipment.


U.S. Home Construction Rose 9.7% in January

Fri, 16 Feb 2018 10:29:19 EST

Housing construction got off to a strong start in 2018, which could help boost economic growth and ease home-price increases in the coming months.


White House Adviser Cohn Downplays Concerns Over Rising Inflation, Bond Yields

Thu, 15 Feb 2018 12:43:23 EST

Trump’s top economic adviser Gary Cohn dismissed worries that recent tax cuts and other stimulus would provide an excessive growth boost that causes inflation and eventually derails the economic expansion.


Mnuchin Says IRS to Release New Tax Withholding Calculator Next Week

Thu, 15 Feb 2018 11:48:28 EST

Treasury Secretary Steven Mnuchin said the IRS will release a new calculator next week that allows taxpayers to double-check the amount that should be withheld from their paychecks under the new tax law.


For the Federal Reserve, a New Chief but Same Rate Path

Fri, 16 Feb 2018 19:50:52 EST

Jerome Powell is stressing continuity as he takes over as Fed chairman, which suggests the central bank will keep gradually raising interest rates this year, unperturbed by recent market volatility and signs of firming inflation.


How 'Fortnite' Defied Convention and Became a Hit

Fri, 16 Feb 2018 16:04:06 EST

“Fortnite” wasn’t a big hit when it first came out as a $40 game. To attract players, Epic Games made an unusual decision: create a free version.


Mattel Ditches High-Tech Barbies, Goes Back to Basics

Fri, 16 Feb 2018 14:54:07 EST

Mattel Chief Executive Margo Georgiadis is shutting down products with extraneous technology from its Barbie lineup and elsewhere in the toy maker’s portfolio.


U.S. Import Prices Rise in January

Fri, 16 Feb 2018 11:02:20 EST

Prices for foreign-made goods imported to the U.S. rose in January, driven by a broad range of product price increases and capping a week of solid inflation readings.


U.S. Weighs Tariffs, Quotas on Metals Imports

Sat, 17 Feb 2018 03:43:36 EST

The Trump administration said it is considering sweeping new limits on imports of steel and aluminum as the next phase of its “America First” economic policies, playing down warnings from economists and allies about the risks of higher prices and trade wars.


The Benefits, and Costs, of Higher Metal Tariffs

Sat, 17 Feb 2018 11:28:42 EST

Aluminum and steel producers hope tariffs under consideration by the Trump administration will heat up demand for their products, but the U.S. remains an expensive place to make the metals.


Big Food Faces Pressure as Consumers Seek Fresh Meals, Snacks

Fri, 16 Feb 2018 19:08:00 EST

Food makers’ earnings show they remain under pressure as consumers hunt for healthier meals and snacks.


The Rise of the Jumbo Student Loan

Fri, 16 Feb 2018 15:10:50 EST

Most borrowers who left college or graduate school owing at least $50,000 in student loans in 2010 had failed to pay down any of their debt four years later, according to a study by the Brookings Institution.


What Stores Do With $90 Billion in Merchandise Returns

Sat, 17 Feb 2018 07:56:33 EST

Retailers rang up their strongest holiday sales since 2011, but now they have to figure out what to do with an estimated $90 billion in returned apparel, electronics and sporting goods.


Ghosn Takes Huge Pay Cut to Stay at Renault

Fri, 16 Feb 2018 19:09:44 EST

Renaul’s Carlos Ghosn took a steep pay cut after agreeing to remain at the helm of the French car maker for another four years, bowing to a campaign by the French government, one of its main shareholders, against high executive pay.


'Black Panther' or 'Monster Hunt 2': Moviegoers Face a Choice This Weekend

Sat, 17 Feb 2018 04:08:28 EST

More Chinese-made movies are trickling in to U.S. theaters, as Hollywood studios look to forge closer ties to China’s increasingly powerful industry.


The Robots Are Coming for Garment Workers

Sat, 17 Feb 2018 00:23:37 EST

Automation is finally invading the garment industry, transforming sweatshops and putting people out of work in poor countries like Bangladesh. For the U.S., that means lower prices and new domestic production possibilities.


Coca-Cola Betting Big on Smaller Packages

Fri, 16 Feb 2018 12:14:33 EST

Coca-Cola Co. is betting that smaller packages that command higher prices will boost sales in the company’s struggling soda business this year.


Olympics Audience Shrinks, but NBC Touts Win

Fri, 16 Feb 2018 23:23:03 EST

The verdict is in for the first week of the Winter Olympics: Viewership is down. That isn’t stopping NBC from claiming gold.


Steve Wynn Will Lose Hundreds of Millions in Severance Amid Sexual-Misconduct Claims

Sat, 17 Feb 2018 04:44:33 EST

Billionaire casino executive Steve Wynn will lose out on collecting hundreds of millions of dollars in severance pay from the company he founded, Wynn Resorts Ltd., following his resignation as chairman and chief executive.


Consumer Sentiment Rebounds in February

Fri, 16 Feb 2018 11:34:42 EST

U.S. households’ confidence in the economic outlook rebounded this month, as a gauge of consumer sentiment hit its second-highest level since 2004.


Judge Is Asked to Disallow Trump Bias Claims in AT&T Merger Trial

Fri, 16 Feb 2018 19:18:55 EST

The Justice Department asked a federal judge not to allow AT&T Inc.’s defense of its proposed acquisition of Time Warner Inc. to include a claim that the Trump administration improperly challenged the deal for political reasons.




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